Ciena Downgraded: Analyst Cites Telco Spending Slump And Margins Squeeze
Ciena Corporation CIEN shares are trading lower on Monday. JP Morgan analyst Samik Chatterjee downgraded the company to Neutral from Overweight with a price target of $65.
Ciena Stock Powers the AI Cloud Boom—Don't Miss Out
Ciena Co. NYSE: CIEN can be considered a legacy company in the computer and technology sector when it comes to the Internet. It was one of the original manufacturers of optical fiber, which provided networking switches and connectivity solutions since 1992.
Ciena (CIEN) Up 24.5% Since Last Earnings Report: Can It Continue?
Ciena (CIEN) reported earnings 30 days ago. What's next for the stock?
Ciena's $1B Buyback Program Cheers Investors, Stock Rises 7.4%
CIEN's board of directors approves $1 billion for share buybacks for 2025-2027 to maximize shareholder returns.
Ciena Corp (CIEN) Trading 6.54% Higher on Oct 2
Shares of Ciena Corp (CIEN, Financial) surged 6.54% in mid-day trading on Oct 2. The stock reached an intraday high of $65.95, before settling at $65.47, up from its previous close of $61.45.
Will Ciena's New 1.6 Tb/s Coherent Pluggable Solution Drive Top Line?
Ciena Corporation CIEN is advancing technology with the launch of a 1.6 terabits-per-second (Tb/s) Coherent-Lite pluggable, designed to assist cloud and data center providers in managing anticipated increases in traffic from cloud services, machine learning and artificial intelligence (AI). The WaveLogic 6 Nano (WL6n) 1.6 Tb/s prototype will be featured at Ciena's booth (A14) during ECOC 2024.
Why Ciena Stock Popped 5% on Monday
Citigroup flipped from sell to buy on Ciena stock this morning. Weak sales of telecom equipment in 2024 could inflect to sales growth in 2025.
Double Upgrade Pushes Ciena Stock Near Record Highs
Ciena Corp (NYSE:CIEN) stock is on the rise today, up 4.2% at $61.18 at last glance, after a rare double upgrade from Citigroup.
Ciena's Solutions Witness Healthy Momentum: Will the Stock Benefit?
Ciena Corporation CIEN recently announced that Danish network provider TDC NET has adopted automation software from Blue Planet, a Ciena division, to enhance its Operating Support System. Utilizing Blue Planet Inventory (BPI), running on Blue Planet's Cloud Native Platform, TDC NET will gain a precise and unified view of its mobile and fixed network resources and services.
Why Ciena (CIEN) International Revenue Trends Deserve Your Attention
Explore Ciena's (CIEN) international revenue trends and how these numbers impact Wall Street's forecasts and what's ahead for the stock.
Ciena: Expecting Growth To Continue Growing From Here On
I maintain a buy rating for CIEN, as 3Q24 performance shows solid evidence of entering a growth cycle. CIEN's 3Q24 revenue of $942 million beat estimates, with strong cost control driving adjusted EPS to $0.35. Growth driven by robust demand from cloud providers and AI infrastructure investments, with a growing customer base and orders for WaveLogic 6.
Ciena's Q3 Earnings & Revenues Surpass Estimates, Stock Falls
CIEN's fiscal Q3 performance is affected by slower-than-expected recovery of order volumes from service providers amid growing strength with cloud providers.
